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Louisiana Revised Statutes Tit. 33, § 4545.6. Operating committee; powers and duties; terms

Current as of January 01, 2023 | Updated by FindLaw Staff

A. The directors of the Authority may create an operating committee for the board of directors. The board of directors may provide for the composition of the operating committee so as to afford, in its judgment, fair representation of the participating municipalities directly interested in the affairs or operations of the Authority or facilities owned or operated by the Authority. The operating committee shall have and shall exercise such of the powers and authority as shall be prescribed and delegated in the Authority's by-laws, rules or resolutions. The terms of office of the persons serving on the operating committee and the method of filling vacancies therein shall be prescribed in the Authority's by-laws, rules or resolutions.

B. (1) Notwithstanding any provision of law to the contrary, with respect to the Louisiana Energy and Power Authority Unit 1, there shall be created a Louisiana Energy and Power Authority Unit 1 participants committee comprised solely of those municipalities that are contracted through a power sales agreement to take power from the Louisiana Power and Energy Authority Unit 1.

(2) The Louisiana Energy and Power Authority Unit 1 participants committee shall have sole authority to decide all matters related to such unit and such authority shall be executed pursuant to a majority vote of the members of the Louisiana Energy and Power Authority Unit 1 participants committee.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 33, § 4545.6. Operating committee; powers and duties; terms - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-33-sect-4545-6/

Read this complete Louisiana Revised Statutes Tit. 33, § 4545.6. Operating committee; powers and duties; terms on Westlaw

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